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Good afternoon, Not too much has changed since last week. OPEC decided to wait on discussing extending cuts in 2018. US production is still going strong. North Korea is still sending some jitters, but China’s and Russia’s involvement is easing the situation a bit. Hedge fund long positions on crude flooded the market in the […]

Good morning, Well, we have a whirlwind of info coming our way that is affecting crude prices. WTI price closed over $50/barrel this week and then immediately fell back, only to regain strength yesterday. WTI has a chance to close above $50/barrel for the week. Now a lot of events are percolating causing these swings. […]

Good morning, I hope everyone enjoyed their week and is ready for a beautiful weekend. Crude prices and refined products were very volatile this week. With refining capacity coming back online from the hurricanes, crude started a mini rally midweek. The rally continued its run after OPEC released their monthly report showing a true cut […]